Chinese EV-Maker XPeng Plunges After Alibaba Plans Stake Sale

US-traded shares of XPeng Inc. slumped Friday after Alibaba Group Holding Ltd. disclosed a plan to cut its stake in the Chinese electric vehicle maker. • None Citi Shuts Muni Business That Once Was Envy of Rivals • None The Fed’s Shrinking Balance Sheet Is Worrying a Key Corner of US Financial…

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